Vietnam
According to customs and VPA data, Vietnam has exported 19,456 of which 17,460 tons were black pepper and 1,996 tons were white pepper, the exports in August reached 46 million $.
Compared to the previous month, exports decreased by 17.1% in volume and 18.8% in value…
The tightening of border trade in China recently make sharp decrease export to China.
In August, pepper exports to China only 1,312 tons, less 5,000 tons compared to July.
Meanwhile, US pepper imports increased from 3,686 tons in July to 4,635 tons in August. It is also biggest market of Vietnam pepper.
The next major import markets follows as India, Arab, Turkey, Germany ...
Pepper market was down sharply from last week due to a lots of raw material stuck in China border, many container/trucking could not deliver and have to return and kept in Vietnam collectors warehouse.
Border clearance come to a standstill and we don’t know when go smoothly again.
Other information: Many collectors/middleman stockpiling coffee and beginning this month is loan maturity so they have to sell other agriculture product to cover temporary tight financial situation.
Brazil: Pepper price is most competitive as usual due to Real too weak compare with USD.
Difficult to other origin as Vietnam/Indonesia in pepper price when currency still keeping steady.
Indonesia:
Market up significantly when crop 2019 has finished. Business very slow as we heard due to price not competitive.
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